Helen of Troy Ltd. (HELE) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS
Helen of Troy Ltd. (NASDAQ:HELE) announced its earnings results on Thursday. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.17. The company had revenue of $368.17 million for the quarter. Helen of Troy had a return on equity of 18.63% and a net margin of 6.70%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 EPS. Helen of Troy updated its FY17 guidance to $5.85-6.35 EPS.
Helen of Troy (NASDAQ:HELE) opened at 80.69 on Monday. Helen of Troy has a 1-year low of $80.21 and a 1-year high of $106.50. The firm has a market cap of $2.25 billion, a P/E ratio of 22.01 and a beta of 1.00. The firm has a 50 day moving average of $88.51 and a 200 day moving average of $97.17.
Several hedge funds have recently added to or reduced their stakes in HELE. Pacad Investment Ltd. acquired a new stake in Helen of Troy during the second quarter valued at approximately $113,000. LS Investment Advisors LLC raised its stake in Helen of Troy by 63.8% in the second quarter. LS Investment Advisors LLC now owns 1,694 shares of the company’s stock valued at $174,000 after buying an additional 660 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Helen of Troy during the second quarter valued at approximately $188,000. Pacer Advisors Inc. acquired a new stake in Helen of Troy during the second quarter valued at approximately $195,000. Finally, Genesee Valley Trust Co. acquired a new stake in Helen of Troy during the second quarter valued at approximately $214,000. Institutional investors and hedge funds own 94.71% of the company’s stock.
A number of analysts have issued reports on HELE shares. Jefferies Group set a $114.00 target price on Helen of Troy and gave the company a “buy” rating in a research report on Monday, August 1st. Sidoti upgraded shares of Helen of Troy from a “neutral” rating to a “buy” rating and set a $112.00 price target for the company in a research note on Friday, August 19th. KeyCorp restated a “hold” rating on shares of Helen of Troy in a research note on Thursday. Finally, Zacks Investment Research downgraded shares of Helen of Troy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $107.50.
Helen of Troy Company Profile
Helen of Troy Limited is a global consumer products company. The Company offers solutions for its customers through a portfolio of brands. It is a global designer, developer, importer, marketer, and distributor of a portfolio of brand-name consumer products. It has four business segments: Housewares, Healthcare/Home Environment, Nutritional Supplements and Personal Care.
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